Defense & Security

Reviving Missile Defense Program

President Trump aims to revive Ronald Reagan's 1980s Star Wars missile defense program, now termed the "Golden Dome for America," asserting that modern technology makes it feasible. He emphasized his commitment to building a state-of-the-art missile defense shield, all made in the USA, referencing advancements in technology, particularly citing Israel's existing system as an example. Trump initiated this pursuit with an executive order on January 27, calling for a "next-generation missile defense shield."

Anti-Drone System Expansion

Epirus, a defense tech startup specializing in anti-drone systems, has secured an oversubscribed $250 million Series D, bringing its total funding to over $550 million. The company, now valued at over $1 billion, will use the funds to expand into international and commercial markets, grow its team, improve supply chain resilience, and open a new simulation center in Oklahoma for soldier training. Its flagship product, Leonidas, uses high-powered electromagnetic pulses to disable drones. The Series D was co-led by 8VC and Washington Harbour Partners LP, with additional investment from Gaingels and General Dynamics Land Systems.

Automotive

Cadillac Escalade IQL: Extended Electric SUV

Cadillac is extending its electric Escalade IQ to create the Escalade IQL, a longer version designed for more luggage and third-row legroom. The IQL, set to begin production in mid-2025, surpasses the length of the gas-powered Escalade ESV, making it the longest SUV ever produced. It features an overall length of 228.5 inches, offering additional legroom and headroom for third-row passengers, along with increased cargo space. The IQL retains the 205 kWh battery pack of the regular IQ, promising 460 miles of range and rapid charging capabilities. Production will take place at GM’s Factory Zero plant in Detroit.

AI & Law

Musk vs. OpenAI

A federal judge has rejected Elon Musk's request to block OpenAI's transition into a for-profit entity, citing insufficient evidence for an injunction. The court, however, is willing to expedite a trial addressing the legality of OpenAI's conversion. This development stems from Musk's lawsuit against OpenAI and CEO Sam Altman, alleging a departure from their original non-profit mission. Notably, OpenAI's board recently turned down Musk's unsolicited $97.4 billion takeover offer, a move that could potentially impede OpenAI's shift towards a conventional corporate structure.

Artificial Intelligence

Musk's Legal Battle with OpenAI

Elon Musk failed in his attempt to prevent Sam Altman from restructuring OpenAI, even as Musk pursues antitrust claims against the startup. This follows the rejection of his $97.4 billion offer to take control of the artificial intelligence company.

Business and Technology

Elon Musk's Email Policy and Countermeasures

A website named OPMReply has been created to automatically generate plausible responses for federal employees required by Elon Musk to submit weekly emails detailing five accomplishments. The tool, intended for fun, aims to assist busy government workers.

Cybertruck's Mardi Gras Mishap

An orange Cybertruck from Texas, license plate DUMPST5R, faced a hostile reception at the Krewe of Orpheus parade in New Orleans. Due to excessive debris being thrown at the vehicle, which chipped the glass, the Cybertruck had to leave early. Owned by winespring and MrMoonBound, the vehicle encountered boos, jeers, and a constant barrage of beads. Despite multiple Cybertrucks participating, none fared well, leading to discussions about removing them for safety. The Cybertruck, escorted by police, exited the route amidst continued booing and further impacts.

Electric Vehicle Industry

Tesla's Reputation Damage

Elon Musk's involvement in government affairs is causing significant reputational damage to Tesla, leading to protests, broken windows, and even arson.

Automotive Industry

Cost Reduction Imperative for European EV Manufacturers

The Czech Republic's industry and trade minister emphasized that European carmakers need to aggressively reduce the cost of electric vehicles to effectively compete with the US and China in the global market.

Automotive Industry

BMW's EV Strategy and Technological Advancements

BMW remains committed to its EV strategy, planning to offer an EV in every vehicle segment across all its brands. They are investing heavily in new battery technology, including the 'Energy Master' controller, to compete with Tesla and Chinese EVs. BMW introduced its Neue Klasse, an all-electric architecture, showcasing new battery cells, Energy Master control module, and motors, promising improved efficiency, range, and energy density. The new cylindrical batteries are designed to offer 30% more range, 30% faster charging, and 20% more energy density.

Automakers' Investment in Satellite Technology

Automakers, including Toyota, Honda, and Geely, are increasingly investing in satellite technology to improve connectivity, navigation, and autonomous driving features. Satellite connectivity supports tracking, software updates, and entertainment. Connected vehicles are projected to represent a $742 billion annual revenue opportunity for automakers and suppliers by 2030. Automakers are also exploring subscription models for advanced driver assistance systems, such as General Motors' Super Cruise, which relies on satellite data for real-time location and mapping.

Electric Vehicle Industry

Tesla's China Sales Decline

Tesla Inc. experienced a significant drop in China wholesales last month, while BYD Co. further solidified its lead in the world's largest electric-vehicle market.

Tesla's Stock Plunge

Tesla's stock saw a significant drop in March, continuing a decline from February. This was influenced by Elon Musk's social media posts projecting a potential "1000% gain for Tesla in 5 years," and Morgan Stanley naming Tesla its top pick in U.S. autos. The company's fourth-quarter earnings report revealed an 8% decrease in automotive revenues and a 23% drop in operating income, attributed to reduced average selling prices. New tariffs implemented by President Trump on goods from Canada and Mexico, where Tesla's suppliers are based, are expected to negatively impact the company. Musk's political involvement and activities outside of Tesla are also contributing to the stock's decline.

Finance

Eutelsat Stock Surge

Shares of Eutelsat Communications SA more than doubled this week, experiencing its biggest ever two-day gain. This surge follows pledges from European Union politicians to boost defense spending and the US pause of aid to Ukraine.